12 Stocks Banned on NSE F&O, More on Watchlist as Positions Surge

19 Feb 2024 , 09:19 AM

Several stocks have been placed on the National Stock Exchange’s futures and options (F&O) ban for trading on February 19 due to exceeding the 95% of the market-wide position limit (MWPL). These include National Aluminium Company (101.54%), Indus Towers (99.28%), Canara Bank (93.74%), Zee Entertainment (92.93%), Hindustan Copper (92.76%), Bandhan Bank (90.31%), India Cements (86.43%), Aditya Birla Fashion and Retail (83.93%), Delta Corp (83.43%), Balrampur Chini Mills (83.25%), SAIL (82.00%), and Ashok Leyland (81.78%). The ban is lifted only when the open interest falls below 80%.

Additionally, there are potential entrants into the ban list as these stocks are nearing the 95% MWPL. These include GNFC (91.47%), Vedanta (90.96%), GMR Airports Infra (90.81%), RBL Bank (90.76%), PVR Inox (89.40%), Piramal Enterprises (88.24%), Aurobindo Pharma (87.20%), Tata Chemicals (86.95%), PNB (83.96%), NMDC (82.42%), BHEL (82.37%), Glenmark Pharmaceuticals (81.49%), and UPL (80.12%).

On the other hand, Aditya Birla Fashion and Retail (83.93%), Delta Corp (83.43%), Balrampur Chini Mills (83.25%), SAIL (82.00%), and Ashok Leyland (81.78%) are likely to exit the ban list as their MWPL has approached 80%.